Market in wait and watch mode ahead of election results, says Invesco MF

Crude oil prices and US-China trade tensions are likely to keep Indian markets volatile, said Taher Badshah, chief investment officer, Invesco Mutual Funds, adding that the investors are currently in wait and watch mode ahead of Lok Sabha election results.

Sector-wise, he said in terms of valuations some of the FMCG companies are not different from where they were 3-6 months again, although they could have gone through time correction. The earnings showed that there is some kind of slowdown but volume growth seems to be decent in the current environment, said Badshah in an interview with CNBC-TV18.

Improvement in the rural economy remains a story that will play out and expectation of decent monsoon should bode well for some of the FMCG companies, he said.